This is a list of Emirati billionaires based on an annual assessment of wealth and assets compiled and published by Forbes magazine. [1]
Name | Net worth (USD in billions) | Source of wealth |
---|---|---|
Pavel Durov | 15.5 | Real estate |
Hussain Sajwani | 5.1 | Real estate |
Abdulla Al Ghurair | 3.9 | Diversified |
Abdulla Al Futtaim | 3.3 | Auto dealers, investments |
A billionaire is a person with a net worth of at least one billion units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. It is a sub-category of the concept of the ultra high-net-worth individual. The American business magazine Forbes produces a global list of known U.S. dollar billionaires every year and updates an internet version of this list in real time. The American oil magnate John D. Rockefeller became the world's first confirmed U.S. dollar billionaire in 1916.
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The World's Billionaires is an annual ranking of people who are billionaires, i.e., they are considered to have a net worth of US$1 billion or more, by the American business magazine Forbes. The list was first published in March 1987. The total net worth of each individual on the list is estimated and is cited in United States dollars, based on their documented assets and accounting for debt and other factors. Royalty and dictators whose wealth comes from their positions are excluded from these lists. This ranking is an index of the wealthiest documented individuals, excluding any ranking of those with wealth that is not able to be completely ascertained.
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